One thing that the Australian share market is not short of in my opinion is quality growth shares.
Three of my favourites are listed below. Here's why I think investors should consider buying them:
Afterpay Touch Group Ltd (ASX: APT)
I think that this payment technology company is one of the most exciting shares on the local market right now. Thanks to its incredible growth in market penetration and popularity with consumers, underlying annualised sales are now tracking $1.5 billion. I believe the buy now, pay later platform is here to stay and expect it to launch overseas in the future. If Afterpay can penetrate the U.S. market, for example, then the sky is the limit for the company.
BWX Ltd (ASX: BWX)
BWX is the company behind the increasingly popular Sukin skincare range. Thanks to the combination of its continued international expansion of the Sukin brand and a number of earnings accretive acquisitions, I expect EBITDA growth to be around 50% in FY 2018. While this growth is likely to slow a touch in the following years, I still feel BWX is capable of above-average earnings growth for the next decade as it expands its presence in new markets.
MNF Group Ltd (ASX: MNF)
This founder-led provider of voice communication solutions to businesses of all sizes and individuals will be one to watch in 2018. Its shares were once again a strong performer in 2017 and it isn't hard to understand why. After a strong start to FY 2018, MNF looks set to build on FY 2017's impressive performance with profit growth of at least 24% this year. I think this could lead to yet another market-beating year for its share price.
